secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTHCARE CORP (NHC)
CIK:        0001047335
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001437749-23-003759
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NHC FY2022 adjusted EPS $2.42 vs $4.06; revenue up 1.1% to $1.09B; stimulus decline hits earnings
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- GAAP net income $22.4M ($1.45 per share) vs $138.6M ($8.99) in 2021.
- Adjusted net income $37.3M ($2.42 per share) vs $62.6M ($4.06).
- Q4 2022 GAAP net income $6.4M ($0.41) vs $15.8M ($1.02); adjusted Q4 EPS $0.72 vs $1.02.
- Government stimulus income fell $51.9M for the year and $14.5M in Q4, driving the decline.
- Net operating revenues modestly increased 1.1% to $1.086B despite stimulus reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/0001437749-23-003759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923003759/nhc20230217_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer